Forte Group Initiates Strategies to Enhance Financial Stability

Forte Group Holdings Inc., a diversified lifestyle and wellness consumer packaged goods company, has announced initiatives to reinforce its financial position. The primary strategy involves a non-brokered private placement financing, issuing 2,900,000 units at $0.15 each, aiming to raise up to $435,000. Each unit includes one common share and 0.53 transferable warrants, exercisable at the same price within two years. The placement's completion is expected by July 22, 2025, subject to regulatory approvals.

Additionally, Forte Group plans a debt settlement amounting to $1,443,717.85 with creditors, offering 9,624,786 units similarly structured as the placement units. This initiative also requires regulatory consent and should finalize by the same date.

Complementing these efforts, Forte Group secured $342,500 through unsecured promissory notes bearing varied interest rates. The funds will support working capital and payables. Total proceeds from these activities are designed to fortify the company's balance sheet.